Commodity Price Pumps and Iran vs. Russia's Ukraine Invasion - The US exports about 25% of its grain production, and prices have been declining on the back of the 2022 spikes, which incentivized more supply -- notably from Brazil. Russia's invasion of Ukraine buoyed producer profits in 2022-24, fueling surpluses. Typically it takes a low-price cure to shut off the excesses. Will the Iran war change that? Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tbmmqdkiupt6 {BI COMD} #corn #soybeans #wheat @markets(Mike McGlone)